A local court in Lahore on Monday extended the physical remand of prime suspect Faheem Akram Naeem by four days in a case involving an alleged Rs35 billion fraud through the online sale of counterfeit US postage stamps.
The National Cyber Crime Investigation Agency (NCCIA), which investigates online crime in Pakistan, produced him before a judicial magistrate after his previous five-day physical remand ended. Investigators asked for more time to finish their work. The court handed him back to the agency for four further days and directed that he be produced again on 30 October.
What the agency alleges
According to the NCCIA, Naeem had been operating a website under the name Labels Bank since August 2023. The agency said he had allegedly sold more than five million counterfeit US postage stamps.
Physical remand means the suspect remains in the investigating agency’s custody so officers can question him and gather evidence, as distinct from being held only under judicial custody in jail.
Timeline: what has happened so far
- August 2023: The NCCIA says the Labels Bank website began operating.
- Period before Monday: Faheem Akram Naeem completed a five-day physical remand.
- Monday: A Lahore court extended his physical remand by four days.
- 30 October: The court directed the NCCIA to produce him before the magistrate again.
What happens next
The NCCIA must bring Naeem back to court on 30 October. The allegations of Rs35 billion fraud linked to counterfeit US postage stamps remain under investigation; they have not yet been decided at trial on the facts available.
Aasan alfaaz mein
Lahore ki court ne Faheem Akram Naeem ki physical remand chaar din aur barha di hai. Un par ilzaam hai ke unhon ne online counterfeit US postage stamps bech kar Rs35 billion ka fraud kiya. NCCIA ab bhi investigation poori kar rahi hai. 30 October ko unhein phir court mein hazir karna hoga.
